{"id":876836,"date":"2026-10-09T23:26:08","date_gmt":"2026-10-09T23:26:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/876836\/"},"modified":"2026-10-09T23:26:08","modified_gmt":"2026-10-09T23:26:08","slug":"stock-market-today-oct-9-ast-spacemobile-slides-on-spacex-spectrum-move","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/876836\/","title":{"rendered":"Stock Market Today, Oct. 9: AST SpaceMobile Slides on SpaceX Spectrum Move"},"content":{"rendered":"\n

AST SpaceMobile (NASDAQ:ASTS), a satellite-based mobile broadband network for standard smartphones, closed at $50.97, down 10.48%. Pressure from SpaceX’s spectrum move weighed on shares, while investors are now watching carrier partnerships and commercialization progress.
Trading volume reached 53.8 million shares, coming in about 318% above its three-month average of 12.9 million shares. AST SpaceMobile IPO’d in 2019 and has grown 422% since going public. <\/p>\n

How the markets moved today <\/p>\n

The S&P 500 (SNPINDEX:^GSPC) closed at 7,811, up 0.59%, while the Nasdaq<\/a> Composite (NASDAQINDEX:^IXIC) finished at 27,366, up 0.64%. In satellite telecommunications \/ direct-to-device connectivity, Iridium Communications closed at $47.47, down 0.19%, while Space Exploration Technologies closed at $162.57, up 1.25%, framing AST SpaceMobile’s slide against mixed peer trading. <\/p>\n

What this means for investors <\/p>\n

AST SpaceMobile stock plunged<\/a> as investors fear it could be lagging further behind SpaceX in its bid to deliver satellite broadband. After announcing plans to acquire a spectrum portfolio from digital infrastructure company Grain Management, SpaceX investors see more of its broad growth and expansion goals. <\/p>\n

AST SpaceMobile has been investing heavily to deploy satellite constellations to connect directly to smartphones, eliminating the need for added ground gear or special devices. <\/p>\n

With SpaceX’s purchase of low-band spectrum, it seeks to challenge telecommunications giants by providing mobile service through Starlink Mobile. SpaceX also gained FCC approval last month for a 15,000-satellite direct-to-cell network, further pressuring AST SpaceMobile’s long-term plans. <\/p>\n

Investors are beginning to worry that AST SpaceMobile may not see the returns on the vast satellite investments it needs. <\/p>\n

Should you buy stock in AST SpaceMobile right now? <\/p>\n

Before you buy stock in AST SpaceMobile, consider this: <\/p>\n

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Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $385,972!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,416,196!* <\/p>\n

Now, it’s worth noting Stock Advisor’s total average return is 951% \u2014 a market-crushing outperformance compared to 214% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. <\/p>\n","protected":false},"excerpt":{"rendered":"AST SpaceMobile (NASDAQ:ASTS), a satellite-based mobile broadband network for standard smartphones, closed at $50.97, down 10.48%. Pressure from…\n","protected":false},"author":2,"featured_media":876837,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[5097,28,122,101,939,2993,2994,32455,2995,932,112,32456,20112,147,9323,1170,1666,6480,2996,2997,923,19533,3733,32457],"class_list":["post-876836","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-401k","tag-business","tag-business-news","tag-economy","tag-finance","tag-financial-information","tag-investing","tag-investment-tools","tag-investor","tag-market-news","tag-markets","tag-mortgage","tag-mutual-funds","tag-personal-finance","tag-quote","tag-real-estate","tag-retirement","tag-stock","tag-stock-research","tag-stock-valuation","tag-stocks","tag-suze-orman","tag-tax","tag-track-portfolio"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/876836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=876836"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/876836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/876837"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=876836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=876836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=876836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}